Is Leasing For Me?
When you decide on leasing a new car, there are many benefits that come with a lease. Here at Larry H. Miller Chrysler Jeep Dodge Ram Boise, we want all our customers to have the information they need to make the best finance choice for their situation. Continue down the page to learn about the benefits of leasing a vehicle.
How Leasing Works
When you finance a vehicle, the responsibility is on you for paying the entirety of the purchase price. You will have three options; pay in cash up front, apply trade-in value to the price, or you can finance the cost and pay an interest rate on the loan.
When you lease a vehicle, you are paying the vehicles expected value at the end of the lease term (the residual value) and the difference in price that was negotiated in the lease term. In short, you as the leasee are just paying the depreciation that develops over the length of the lease term.
Benefits
Lower Monthly Payment
Unless you put a large amount of money down or have a high value trade in, leasing will almost always result in a lower monthly payment. You can use that extra money to upgrade features on the vehicle or upgrade to a nicer model.
Warranty
Most Leases last three years, most new car warranties last three years. When you lease a new car you will almost always be covered under the new vehicle warranty, so you wont have to worry about paying for any major repairs should an issue arise.
No Hassle Return
When your lease is up, just drop your vehicle off at the dealership you leased it from. No worrying about a trade-in.
Tax Savings
Depending on the area where you live, you could be eligible for savings on taxes. Check with a tax specialist in your area to learn more about how leases are taxed where you live. In some places, you only should be paying sales tax on the amount you paid at signing and on monthly payments. In other places, you'll have to pay taxes on the entire price of the vehicle.
Technology
With a new car lease, you can rest assured you are driving with the newest, safety and tech features. You can have peace of mind that you you are driving the safest, most technologically sound model the vehicle manufacturer has to offer.
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Hours
- Monday 09:00AM - 08:00PM
- Tuesday 09:00AM - 08:00PM
- Wednesday 09:00AM - 08:00PM
- Thursday 09:00AM - 08:00PM
- Friday 09:00AM - 08:00PM
- Saturday 09:00AM - 07:00PM
- Sunday Closed
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